According to NAR 2017 Home Buyer and Seller Trends Report, 92% of millennials used a real estate agent to buy a home. Even with information at your fingertips through websites, apps and social media, Realtors are still a very important part of the home buying and selling process. Utilize their resources and expertise to navigate the ins and outs of an often complicated process. Find an Alta agent in your area.
The study also found that sixty-six percent of recent buyers were married couples, 17 percent were single females, seven percent were single males, and eight percent were unmarried couples.
Eleven percent of home buyers purchased a multi-generational home to take care of aging parents, for cost savings, and because children over the age of 18 are moving back. One in five home buyers aged 52 to 61 purchased a multi-generational home.
Read the full report.